18-EF-01: NCUA - Emergency Mergers

The National Credit Union Administration (NCUA) has issued its final rule, as proposed, to amend its Chartering and Field of Membership Manual to redefine "in danger of insolvency" for emergency merger purposes. The new definition lengthens by six months the forecast horizons for two of the three net worth categories that a credit union is required to fall into over a period of time to be considered "in danger of insolvency."

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